Reciprocity occurs when Mario trades a load of firewood for an oil change for his Toyota Tacoma.

Answer the following statement true (T) or false (F)


False

Reciprocity refers to buying a product from someone if the person or organization agrees to buy from you. Swapping firewood for an oil change is a bartering situation but not reciprocity because neither party is agreeing to future purchases.

Business

You might also like to view...

In 2013 . Pauley Company paid $1,000,000 to purchase land containing a total estimated 160,000 tons of extractable mineral deposits. The estimated value of the property after the mineral has been removed is $200,000 . Extraction activities began in 2014, and by the end of the year, 20,000 tons had been recovered and sold. In 2015, geological studies indicated that the total amount of mineral

deposits had been underestimated by 25,000 tons. During 2015, 30,000 tons were extracted, and 28,000 tons were sold. What is the depletion rate per ton (rounded to the nearest cent) in 2015? a. $4.24 b. $4.32 c. $4.85 d. $5.19

Business

During the fall of 2012, public school teachers in Chicago went out on strike over, among other things, salary and pay systems, performance reviews based on standardized test scores, and job protection for laid off teachers. Some people argued that the strike was evidence that the teachers' union was too powerful. Where does the teachers' bargaining power stem from? What factors place a "check" on teachers' bargaining power?

What will be an ideal response?

Business

Personal selling is an especially important part of IMC in

A. cause-related marketing. B. web tracking. C. event sponsorships. D. stealth marketing. E. business-to-business settings.

Business

Factors leading to the need for the ethical and social responsibility of business are the demands of maintaining a competitive, fair marketplace and the size and power of individual corporations

Indicate whether the statement is true or false

Business